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Listed by: Steven Peterson (510) 879-7542 DRE #01746140 | INFINITY INVESTMENTS (510) 879-7542
$1,100,000
-- Bed
- -- Bath
--sqft
(Undisclosed), Oakland, CA 94606
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$1,100,000
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Apartment
Built in 1964
$-- HOA
7,000 sqft lot
--/sqft
Description
This property is a dynamic cash flow machine, as it generates a true 5% Capitalization Rate on the existing financials and is located in the very desirable Highland Heights Neighborhood less than 5 minutes away from Highland Hospital making for an extremely strong rental demand. The unit mix is outstanding, comprised of 5 very large 2bd/1ba apartments with on-site parking for each unit and the property also has onsite laundry. Two of the units are rented close to market and the other Three are under market, which means there is also upside value in the rents.
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1964
HOA Fees
-
Finished Area
- sqft
Lot Size
7,000 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
40845547
MLS Status
Active
Days on Market
2758
Cumulative Days on Market
2105
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